Bitcoin cash investing.com

Bitcoin cash price failed to stay above $ and $ against the US Dollar. The price is now trading well below the $ level and the 55 simple moving average​.
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Should you invest in bitcoin or litecoin

We recommend Coinbase , which we discuss a bit more down below. If you're considering jumping into Bitcoin Cash, make sure you fully understand the risks.

We break it down as much as possible, but realize that this is extremely, extremely risky to invest in. Bitcoin Cash is a hard fork from the original Bitcoin blockchain. This split occurred on August 1, If you're new to cryptocurrency investing, a hard fork is essentially a split from the original blockchain.

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Think of it like the Catholic Church - if you go back in time, there were multiple "hard forks" along the way. Some of the biggest include Protestantism splitting from Catholicism. This is very similar. Both Bitcoin and Bitcoin Cash use the same algorithm i. Bible , but they have different ways of interpreting it. Once they split, Bitcoin Cash uses its protocol, while Bitcoin uses it's protocol.

In technical terms, Bitcoin Cash wanted larger block sizes than Bitcoin - they increased the block size to 8MB. However, all else is pretty much the same. The last common block of Bitcoin and Bitcoin Cash was Block At that split, any owners of Bitcoin on the blockchain also received an equal value of Bitcoin Cash.

That's where the surprise came from this morning. Any holders of Bitcoin at that split received Bitcoin Cash. But that Bitcoin Cash wasn't easily available to non-tech savvy investors, until today when Coinbase put Bitcoin Cash onto it's wallet publicly. Bitcoin Cash is much cheaper than Bitcoin. If you're looking to invest in Bitcoin Cash, it's important to remember that Bitcoin Cash is a currency.

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This means it doesn't act like a stock or bond. Instead of buying shares of Bitcoin Cash, you are swapping your currency for Bitcoin Cash currency. The goal is for the value of Bitcoin Cash to rise, in which case, you could exchange your coins back to dollars from someone willing to do the exchange. So, where can you do this? Sadly, you can't invest in Bitcoin Cash at your stock broker.

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Instead, you need a digital wallet. The best digital wallet we've found for US Citizens is Coinbase. Since Coinbase is also a digital wallet, you can use your wallet to buy, sell, send, and receive Bitcoin Cash as well for example, using Bitcoin Cash to pay for goods or services online. You can then convert your Bitcoins and bonus into Bitcoin Cash if you wish.

Another option to invest in Bitcoin Cash includes eToro , which is a full service brokerage that also allows cryptocurrency investment. Bitcoin Cash is one of the newest cryptocurrency choices available to consumers. While it's new, it's based on Bitcoin , which is one of the oldest. However, it's become popular because it's suddenly become easy to access - so keep that in mind. This is also the case with Ripple - it's not easy to access, but as that changes, you might see an explosion in popularity. This project entered the market under a cloud of controversy.

However, after the smoke cleared, Bitcoin Cash emerged as one of the top ten cryptocurrencies in the world in terms of market cap. This increase in fees and delays were the result of too much network congestion resulting from larger transaction sizes. To accomplish this task Bitcoin would need to scale up considerably. Bitcoin Cash does away with these concerns through an increased block size.

Invest in Bitcoin Cash (BCH) -

These larger blocks are able to fit more transactions per block. To these individuals, known as Bitcoin Core, The 1MB block size serves a vital function in the network they argued. Primarily, it allows anyone to participate in the network regardless of their computer. However, with the advent of ASIC mining rigs, this argument is up for debate still today. Additionally, it prevents the network from getting bogged down in spam data.

Bitcoin Cash proponents believed that increasing the size of blocks to between 8 MB and 32 MB was the best way to provide daily Bitcoin users with the services they require. These larger blocks allow more transactions to process per block. In turn, Bitcoin users could avoid fees and delays.

This increase in transactional throughput allowed Bitcoin Cash to negate the need to incorporate the Segregated Witness SegWit protocol. SegWit reduces the amount of data sent for each transaction. Keenly, Bitcoin Cash is much faster than traditional Bitcoin. Interestingly, during a stress test conducted in Sep the platform registered 25, transactions per block. Comparingly, the average number of transactions per block for Bitcoin is between 1, and 1, Additionally, Bitcoin Cash is easier to mine than its predecessor thanks to the integration of some new protocols.

Bitcoin Cash has a healthy community following that is among the most vocal in the market. Although, as of recently, the coin has had some divisions regarding updates. These issues were always an issue for Bitcoin developers. By , the concerns were at the point where something had to be done. By January of , the average block size ballooned to around k. This buildup of unconfirmed transactions wreaked havoc on the network. Specifically, both market transaction times and fees went skyward.


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By , there were multiple cases of fees being higher than the actual Bitcoin sent. Transaction times could take days during this congestion. Effectively Bitcoin was unable to scale up to function as the electronic cash system Satoshi envisioned in this state. The Bitcoin community was split on how to handle this problem.

Invest in Bitcoin Cash (BCH)

Some proposed to increase the average block size to accommodate more transactions. While others suggested that the protocol excludes certain parts of the transaction to fit more data into the blockchain BIP Critically, both options had their proponents and opponents. Proponents of increased block size, such as Roger Ver , argued that in its current state, Bitcoin could never function as a medium for daily transactions.

This camp stated that unless Bitcoin could process transactions on par with multinational credit card processing organizations, such as Visa, it would never fulfill its original purpose as a peer-to-peer electronic cash system. Bitmain was opposed to SegWit at first because it negated some of the advantages of their flagship miners, the AsicBoost miner. As the largest mining pool in the world, Bitmain holds incredible sway in the Bitcoin community.

Eventually, no consensus was reached, and the community split. Consequently, Bitcoin Cash was launched in July This hard fork officially occurred a month after in August There are two types of blockchain updates, hard and soft forks. The difference between the two is that hard forks require miners to update their nodes to communicate with the network. When this situation arises, a hard fork occurs and a new coin is born. Bitcoin holders received an equivalent amount of Bitcoin Cash during the launch. Users could claim their BCH at participating exchanges.

Wisely, the total amount of Bitcoin Cash mirrors that of Bitcoin at 21 million coins. Bitcoin Cash was met with mixed feelings in the market.